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TECHS: Finding Near Term Support......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Finding Near Term Support Around 1% Volatility Band
*RES 4: $1.2692 Aug 17 high
*RES 3: $1.2635/40 Congestion area Aug 17-18
*RES 2: $1.2599/08 Aug 23, Aug 21 highs
*RES 1: $1.2565/75 Hourly resistance
*PRICE: $1.2508 @1245GMT
*SUP 1: $1.2500 76.4% Fibo of $1.2414-$1.2779
*SUP 2: $1.2478/81 1.618 swing of $1.2524-$1.2599,1% vol band
*SUP 3: $1.2451 Aug 1 low
*SUP 4: $1.2414 Jul 26, Jul 27 lows
*COMMENTARY* Support has been found today from the 76.4% Fibo retrace level at
$1.2500, just ahead of the lower 1% volatility band and swing target situated
between $1.2481-$1.2478. That said, will still need to see a move back above
$1.2565-75 and then more importantly $1.2599-$1.2608, before things will improve
and allow a better correction of losses from last week's $1.2779 high. Below
$1.2478 and then $1.2451 protects the downside from another tilt at $1.2414.

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